Daily updated news about the Vietnam
The Ministry of Agriculture and Rural Development (MARD) has proposed exporting between 100,000 – 150,000 tonnes of sugar this year to resolve difficulties businesses are facing. The MARD has sent a document to the Ministry of Industry and Trade (MoIT), asking it to consider the proposal. According to the MARD, the total supply of sugar is...
Posted date: Thu, 23 Feb 2012 - From: Trade News
Trade between Vietnam and Kuwait is likely to exceed $1 billion this year, the acting Kuwaiti consul in HCM City, Abdulrazzaq Alkhuleefah, has said. In a press release on the 51st anniversary of Kuwait ‘s independence, he said the bilateral trade last year was worth $837 million, twice the 2010 figure, with Kuwaiti exports accounting for $808...
Posted date: Thu, 23 Feb 2012 - From: Trade News
Online trading scams rampant Many fraudulent traders have managed to steal money from consumers via online trading activities by using simple tricks, while the legal regulation concerning this issue still remains incomplete. Duong Thi Ngoc Giau, residing in the Mekong Delta province of An Giang, said earlier this year she fell into the trap...
Posted date: Thu, 23 Feb 2012 - From: Business News
The delta that produces 85 per cent of Vietnam's rice exports is under threatened by reduced flows of the Mekong River, a leading water expert for the Asian Development Bank (ADB) warned Monday. 'The rice bowl of South-East Asia is severely under threat because of irrigation practices and inadequate river flows in the delta,' said Arjun...
Posted date: Thu, 23 Feb 2012 - From: Business News
No activities at the headquarters, no answer to the calls, no news on websites – some securities companies have quietly disappeared from the market. The Ministry of Finance has recently stated that it will restructure the stock market and securities companies. However, before the watchdog agency sets out to do the restructuring, securities...
Posted date: Thu, 23 Feb 2012 - From: Stock News
Le Hung Dung, chairman of the Vietnam Export Import Bank (Eximbank), has sent a document to the chiefs of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) to call for a reelection of the latter’s boards of directors and inspectors. Eximbank holds a 9.73 percent stake of Sacombank, and is authorized to represent the latter’s group...
Posted date: Thu, 23 Feb 2012 - From: Business News
Chinese merchants have been flocking to fishing ports in Khanh Hoa province to collect seafood materials. Meanwhile, the local authorities still do not know what they should do to settle the problem. Two months ago, the Khanh Hoa provincial market control taskforce seized 40 tons of fish from two Chinese merchants at the Vinh Luong fishing...
Posted date: Thu, 23 Feb 2012 - From: Business News
The projects on developing casino and amusement complexes all are worth billions of dollars and cover hundreds of hectares of land. Meanwhile, the casinos which have been operating on the trial basis do not show the necessity of casinos in Vietnam. A lot of foreign investors have sent words intimating that they want to set up amusement...
Posted date: Thu, 23 Feb 2012 - From: Business News
Below is the interview on property market for 2012 between Lao Dong newswire and Marc Townsend, CEO of CBRE Vietnam. Could you please predict or take on expectation of FDI inflow in property market this year? Information concerning project transactions has now been made known widely making property market more and more transparent. Recent...
Posted date: Wed, 22 Feb 2012 - From: Investment News
Minister of Finance Vuong Dinh Hue said that the new regulations on financial supervision over State-owned enterprises (SOEs) will tighten control over State-owned groups and corporations. Speaking at a meeting with officials of the Vietnam Shipping Lines Corporation (Vinalines), Minister Hue said that the draft regulations on financial...
Posted date: Wed, 22 Feb 2012 - From: Business News
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